Dollar gets lift from upbeat U.S. retail sales data

LisaTwaronite

SAN FRANCISCO (MarketWatch) -- The dollar was higher early Friday against its major counterparts after data showed U.S. retail sales were stronger than expected in September, which many investors took as a signal that the Federal Reserve might not cut rates again at their next meeting at the end of this month. The dollar index, which measures the greenback against a basket of major currencies, was up about 0.2% to 78.230, compared with 78.160 in late U.S. trading Thursday. The euro was buying $1.4173, down from $1.4193 late Thursday. The dollar rose to 117.55 yen, up from 117.28 yen late Thursday.

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